Navneet Education Limited Stock Forecast
Navneet Education Limited stock downgraded from Buy Candidate to Sell Candidate after Thursday trading session.
(Updated on Jun 27, 2024)
The Navneet Education Limited stock price fell by -1.97% on the last day (Thursday, 27th Jun 2024) from ₹152.65 to ₹149.65. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 2.88% from a day low at ₹149.15 to a day high of ₹153.45. The price has fallen in 7 of the last 10 days but is still up by 0.77% over the past 2 weeks. Volume has increased on the last day by 10 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 51 thousand shares were bought and sold for approximately ₹7.60 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.52% during the next 3 months and, with a 90% probability hold a price between ₹148.37 and ₹172.40 at the end of this 3-month period.
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NAVNETEDUL.BO Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Navneet Education Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹152.69 and ₹151.75. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -2.92%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Navneet Education Limited stock
Navneet Education Limited finds support from accumulated volume at ₹147.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹4.30 between high and low, or 2.88%. For the last week, the stock has had daily average volatility of 2.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NAVNETEDUL.BO) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Navneet Education Limited to open at ₹150.75, and during the day (based on 14 day Average True Range), to move between ₹144.09 and ₹155.21, which gives a possible trading interval of +/-₹5.56 (+/-3.72%) up or down from last closing price. If Navneet Education Limited takes out the full calculated possible swing range there will be an estimated 7.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹149.75 (0.07%) than the support at ₹147.60 (1.37%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Navneet Education Limited stock A Buy?
The Navneet Education Limited stock holds several negative signals and despite the positive trend, we believe Navneet Education Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.761 Sell Candidate Downgraded
Predicted Opening Price for Navneet Education Limited of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ₹150.75 ( 0.735%) | ₹149.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NAVNETEDUL.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 155.05 | 3.61% |
| R2 | 153.41 | 2.51% |
| R1 | 152.39 | 1.83% |
| Price | 149.65 | |
| S1 | 149.11 | -0.363% |
| S2 | 148.09 | -1.04% |
| S3 | 146.45 | -2.14% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 157.40 | 5.18% |
| R2 | 156.30 | 4.44% |
| R1 | 149.75 | 0.0668% |
| Price | 149.65 | |
| S1 | 147.60 | -1.37% |
| S2 | 146.25 | -2.27% |
| S3 | 138.25 | -7.62% |
NAVNETEDUL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 07, 2023 | Aug 07, 2023 | Sep 13, 2023 | ₹2.60 | 1.75% |
| 2 | Jul 29, 2022 | Jul 29, 2022 | Sep 07, 2022 | ₹1.50 | 1.07% |
| 3 | Jul 25, 2017 | Jul 25, 2017 | Aug 30, 2017 | ₹2.50 | 1.54% |
| 4 | Mar 14, 2016 | Mar 14, 2016 | Mar 14, 2016 | ₹2.20 | 2.71% |
| 5 | Sep 21, 2015 | Sep 21, 2015 | Sep 21, 2015 | ₹2.20 | 2.36% |
FAQ
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